Active Listings
87
⇧ 38.1% vs 63 last year
Data as of February 2026. Source: Realtor.com.
The PANAMA CITY, FL real estate market (32409) currently shows 87 active listings, with 18 pending sales. Homes are averaging 77 days on the market before going under contract.
Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 77 days on market compared to 56 days last year.
The median listing price has fallen 12.7% year-over-year, from $525,658 to $458,750.
Whether you are buying or selling in PANAMA CITY, FL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 10,518 · Density: 32.1/mi² · Median household income: $56,276
Typical home value: $191,051 · Homeownership: 89.2%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 32409 | Panama City, FL 32409 | 0.0 mi | 75 | $42,452,400 | $449,500 | $566,032 |
| 32405 | Panama City, FL 32405 | 9.5 mi | 201 | $87,859,311 | $339,600 | $437,111 |
| 32413 | Panama City Beach, FL 32413 | 11.0 mi | 725 | $502,646,125 | $510,000 | $693,305 |
| 32401 | Panama City, FL 32401 | 13.2 mi | 160 | $48,364,160 | $259,900 | $302,276 |
| 32404 | Panama City, FL 32404 | 15.3 mi | 397 | $139,699,139 | $319,900 | $351,887 |
| 32461 | Inlet Beach, FL 32461 | 19.8 mi | 452 | $1,357,237,576 | $1,824,000 | $3,002,738 |
| 32428 | Chipley, FL 32428 | 21.1 mi | 108 | $37,278,036 | $299,950 | $345,167 |
| 32427 | Caryville, FL 32427 | 26.9 mi | 3 | $1,158,900 | $379,900 | $386,300 |
| 32420 | Alford, FL 32420 | 28.4 mi | 13 | $7,315,620 | $344,700 | $562,740 |
| 32430 | Clarksville, FL 32430 | 29.2 mi | 4 | $1,438,468 | $298,950 | $359,617 |
| 32410 | Mexico Beach, FL 32410 | 31.8 mi | 0 | $0 | $610,000 | $610,000 |
| 32421 | Altha, FL 32421 | 33.3 mi | 12 | $4,128,240 | $299,500 | $344,020 |
| 32425 | Bonifay, FL 32425 | 36.0 mi | 38 | $12,426,342 | $262,500 | $327,009 |
As of February 2026, there are 87 active listings in PANAMA CITY, FL (zip code 32409), compared to 63 the prior year.
The median listing price in PANAMA CITY, FL 32409 is $458,750 as of February 2026, a 12.7% decrease from $525,658 the prior year.
Homes in PANAMA CITY, FL 32409 spend an average of 77 days on the market before going under contract, compared to 56 days the prior year.
Based on current inventory and days-on-market data as of February 2026, PANAMA CITY, FL 32409 is currently a Buyer's Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 77 days on market compared to 56 days last year.
With SELL123.com's maximum 3% commission, sellers in PANAMA CITY, FL 32409 save an estimated $9,175 compared to a typical 5% commission on the median listing price of $458,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.